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Month: July 2022

Posted on 27/07/2022

Make Covid changes for good of Hong Kong, but keep US dollar peg

The financial secretary has warned that growth is set to take another hit from continuing quarantine rules at a time of rising American interest rates, capital flight and China-US tensions When an ... ( read original story ...)

Posted on 27/07/2022

Hong Kong labor group calls for ‘too hot to work’ law

One of Hong Kong’s largest labor groups has called on the government to enact legislation to protect employees from working in extreme heat after recent reports of multiple deaths suspected to be ... ( read original story ...)

Posted on 27/07/2022

Alibaba to Pursue Primary Hong Kong Listing

Alibaba would help set a precedent for Chinese companies listed abroad who wish to utilize Hong Kong as an alternative public market. ( read original story ...)

Posted on 27/07/2022

Hong Kong man who killed cancer-stricken wife pleads guilty to reduced charge of manslaughter

Retired electrician used burning charcoal to kill cancer-stricken wife to end her suffering, Hong Kong court hears. ( read original story ...)

Posted on 27/07/2022

Crisis-hit property giant faces deadline after bosses quit

Embattled Chinese real estate giant Evergrande is expected to deliver a preliminary restructuring plan this week, following the exit of two bosses. The firm says its chief executive and finance head ... ( read original story ...)

Posted on 27/07/2022

Hong Kong mulls more measures for convenient return of US-listed mainland firms: Financial Secretary

As the US' push for "decoupling" with China brings about monumental political risks for US-listed Chinese mainland firms, Hong Kong hopes to adjust some stock market rules to make it more convenient ... ( read original story ...)

Posted on 27/07/2022

Traffic lights on Hong Kong pavements help ‘phone zombies’ safely cross road

Pavements in Hong Kong will be lit up in pools of red and blue light to alert “smartphone zombies” when to cross the road. The territory’s authorities have installed devices at four busy intersections ... ( read original story ...)

Posted on 27/07/2022

Binance CEO files defamation suit against Bloomberg’s Hong Kong publisher following ‘Ponzi scheme’ headline

Zhao also filed a motion of discovery against Bloomberg LP and Bloomberg Inc., claiming the English version of the article had misleading allegations. ( read original story ...)

Posted on 27/07/2022

Hong Kong hands out consumption vouchers to retain foreigners. Will it stem brain drain?

In an effort to encourage spending and retain talent, a new policy in Hong Kong makes more than 300,000 people — mostly foreign professionals, entrepreneurs, and students — eligible to receive ... ( read original story ...)

Posted on 27/07/2022

Alibaba aims to add primary listing in Hong Kong, woo China investors

Alibaba plans to add a primary listing in Hong Kong to its New York presence, targeting investors in mainland China as it becomes the first big company to take advantage of a rule change in the ... ( read original story ...)

Posted on 26/07/2022

Hong Kong says may have to downgrade annual growth forecast in August – SCMP

Hong Kong may have to downgrade its annual growth forecast in August for the second time in three months, the city's financial secretary told the South China Morning Post, pointing to the weak ... ( read original story ...)

Posted on 26/07/2022

Standard Chartered, HSBC expected to report weaker results as choppy markets, China’s economic slowdown weigh on outlook

When HSBC and Standard Chartered report their interim results beginning this week, investors will be closely watching for guidance on the outlook for Hong Kong's economy and whether further strains ... ( read original story ...)

Posted on 26/07/2022

Hong Kong exodus hits Japanese business in financial hub

The survey, conducted jointly earlier this month by three Japanese organisations in Hong Kong, found that 68.6% of respondents said the talent drain and difficulty in finding capable people were the ... ( read original story ...)

Posted on 26/07/2022

Alibaba seeks Hong Kong primary listing for Stock Connect access, ‘wider and more diversified investor base’

Alibaba Group Holding is seeking a primary listing on Hong Kong's stock exchange, elevating its status on Asia's third-largest bourse to gain access to a transborder investment channel with mainland ... ( read original story ...)

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